Contact commercial real estate agencies in Minnesota after establishing investment goals

Decide what kind of profits you're looking for from investment property. Honestly evaluate whether you have the time and money to invest in such a property. If you're just starting out, you might want to start out with smaller investments to get your feet wet.

I recommend: Welsh is one of the Minnesota commercial real estate firms that operate in the Twin Cities area. Another longtime company that specializes in commercial real estate is Colliers Turley Martin Tucker (CTMT).

Invest your time in commercial real estate in Minnesota

If you have more time than money, consider investing in property that needs work. You can often buy distressed commercial property for less money and then fix it up and sell for a larger profit. Make sure your costs for the property and the work you do on it are still under market value in order to make a profit at the time you sell.

I recommend: Sometimes the place to look for fixer-uppers is in foreclosed Minnesota properties like those you can find on ForeclosureS.com. You’ll also locate properties on the Commercial Investment Multi-List Service (CIMLS). The Minnesota Department of Employment and Economic Development also allows you to personalize searches for available commercial and investment property.

Locate the best commercial real estate agencies in Minnesota

Shop around for a good Minnesota commercial real estate firm. You want someone with a proven track record that you feel comfortable communicating with. Make sure that the broker is equally interested in making you a happy customer as they are in making the sale.

I recommend: Start looking at MN commercial real estate firms with brokers who have earned the CCIM (Certified Commercial Investment Member) real estate designation. This means that a person has undergone additional training and education in commercial and investment real estate. For example, City Center Retail LLC works with retail, office and hotel properties.